An appeal by the liquidators of oldco Rangers over the so-called ''big tax case" is being considered by the UK's highest court.
Last year, judges at the Court of Session in Edinburgh granted BDO's request to take its case against an earlier legal ruling to the Supreme Court in London.
It comes after Her Majesty's Revenue and Customs (HMRC) won an appeal in November 2015 over the use of the now-outlawed employee benefit trusts (EBT) at the football club during the first decade of the century.
The Court of Session ruling agreed with HMRC's contention that the scheme, which involved payments to former Rangers employees, amounted to ''a mere redirection of earnings which did not remove the liability of employees to income tax''.
The judges decided any income derived from employees' services is classed as earnings and subject to income tax.
The decision was in relation to Murray Group companies, including the liquidated company now called RFC 2012 plc, and does not affect the current regime at Ibrox.
BDO is bidding to overturn the ruling and five Supreme Court justices are examining whether the Court of Session erred in law in reversing the original tribunal outcome.
The case is being heard by the court's president Lord Neuberger, deputy president Lady Hale and Lords Reed, Carnwath and Hodge.
After legal argument concludes on Thursday, the justices will reserve their decision for a ruling to be given on a date to be fixed,
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel